A man wears a mask while walking in the street on January 22, 2020 in Wuhan, Hubei province, China. Government officials in Wuhan, China are suspending all public transportation, including buses, trains, airplanes and ferries, to better combat the coronavirus outbreak, Reuters reported Wednesday, citing Chinese state media. Officials are also asking citizens not to leave the city unless there are special circumstances. Additionally, people in public places will be required to wear masks to preve

If investors want their finger on the pulse of the coronavirus threat, they can look no further than InterContinental Hotels Group. Shares of InterContinental Hotels fell more than 4% on Tuesday on fears that the coronavirus outbreak in China would dent international travel. In 2003, InterContinental Hotels warned about the impact severe acute respiratory syndrome or SARS would have on the hotel chain’s profit. Clarke said the SARS outbreak coincided with the threat and outbreak of the Iraq war,

United says Boeing’s 737 Max will not fly this summerCNBC’s Phil LeBeau reports on new comments from United in its earnings call in which the company says it doesn’t expect to fly the 737 Max in summer 2020.

Mark Cuban says Amazon smartest company in the universeMark Cuban, investor and owner of the Dallas Mavericks, joins ‘Fast Money Halftime Report’ to discuss his stock picks.

Seth Klarman, chief executive officer of The Baupost Group LLC, listens during an interview in New York, June 8, 2018. Billionaire hedge fund manager Seth Klarman is warning this rally that has taken stocks to record highs could soon end. Klarman, who runs Baupost Group in Boston, wrote in a letter to investors that the “the rocket fuel that has propelled markets in 2019 will run out,” according to a Bloomberg News report. A Baupost spokeswoman confirmed the contents of the Bloomberg report to C

The inaugural committee responded by calling the allegations “baseless.” Much of the lawsuit appears to hinge on the question of whether the Trump inaugural committee agreed to book a block of rooms at the Trump hotel. Trump’s inaugural committee raised more private money for inaugural events than any president in modern history, around $107 million. Emails contained in Wednesday’s lawsuit support these claims and show that inaugural event planners strenuously objected to how much the Trump hote

“Shark Tank” investor and Dallas Mavericks owner Mark Cuban is still a big Netflix bull after its weak guidance and subscriber miss. “I haven’t sold any shares and I’m still very bullish on it,” Cuban said Wednesday on CNBC’s “Fast Money Halftime Report.” “They always offer weak guidance and it’s always been the discussion the day after earnings. When you go to the gym, every smart workout device has Netflix as an option,” Cuban said. Disclosure: CNBC owns the exclusive off-network cable rights

Netflix shares were under pressure Wednesday after North American subscriber growth came in below estimates. However, if you look at it, as you look at a portfolio, they’ve actually done pretty well with vastly exceeding subscriber growth overall. So, in the U.S. with 60 million subscribers, you’re already almost 60% of U.S. broadband households, and then internationally, over 100 million subs internationally. They’re going to continue to grow just based on the demographic trend. That’s a trend

Two workers walk under the wing of a 737 Max aircraft at the Boeing factory in Renton, Washington, March 27, 2019. Boeing CEO Dave Calhoun on Wednesday said the company’s recommendation that pilots should undergo simulator training prompted its decision to push back its timeline for when it expects the 737 Max to return to service. Boeing executives have told suppliers and airline customers that it doesn’t foresee regulators lifting a flight ban on the 737 Max until June or July, months later th

A worker stands on the roof of a home under construction at a new housing development in San Rafael, California. Sales of existing homes rose a steeper-than-expected 3.5% in December compared with January, according to the National Association of Realtors. That demand has pushed the supply of homes for sale down 8.5% annually to the lowest level since the Realtors began tracking inventory in 1982. At the current sales pace, the total supply would sell out in just three months. A six months’ supp

Alphabet CEO Sundar Pichai hinted at imposing more discipline on the company’s “Other Bets,” possibly selling stakes in some of them to outside investors as it’s done with health tech company Verily, according to an interview with Fortune. He gave an example of the life sciences company Verily, which has received outside investments from Silver Lake and Temasek, and has its own board of directors, which includes Alphabet CFO Ruth Porat. Pichai had been Google’s CEO since the Alphabet reorg. But

The Senate impeachment trial against President Donald Trump is scheduled to resume on Wednesday as Democratic House managers begin laying out their case for the president’s conviction and removal from office. The changes will also automatically admit into evidence the entire record of the House impeachment probe into Trump last fall. The rules do not guarantee witnesses, but Senators can still vote during the trial to admit them. The House impeachment inquiry was triggered by Trump’s July 25 pho

Bandar Algaloud | Anadolu Agency | Getty ImagesToday, the U.N. called for an investigation into allegations that the crown prince of Saudi Arabia personally facilitated a hack on Amazon CEO Jeff Bezos’ mobile phone. According to the allegations, Bezos’ phone was hacked using malicious software delivered in a WhatsApp message that came directly from Crown Prince Mohammed’s phone in November 2018. Saudi agents murdered Khashoggi in the Saudi consulate in Istanbul in October 2018 at the direction o

Boeing CEO Dave Calhoun said Wednesday that the company will not cut its dividend despite the extended grounding of its 737 Max jet. Shares of Boeing were down 1.4% on Wednesday, and are down roughly 30% since last February, before the Max was grounded. The company announced Tuesday that it doesn’t expect its plane to return to service until the middle of the year. Regulators grounded the Max last March after two fatal crashes that killed 346 people. United Airlines said Wednesday that it doesn’

J.P. Morgan Private Investments has a 24.4% ownership stake in the Vanguard Total International Bond (BNDX) fund, according to FactSet. The next biggest concentration is in France, which also has negative yields through 10 years. However, for J.P. Morgan and other investors in the ETF, negative-yielding debt can serve as an effective diversification tool. Negative yields imply that those lending money to governments are paying to do so. The SPDR Bloomberg Barclays International Bond ETF has cons

And that’s before the next round of streaming service launches this spring and summer from AT&T’s HBO Max and Comcast’s Peacock, which will feature content from NBCUniversal. And subscribers are growing at a nice clip internationally, where Netflix faces less competition at the moment. (Netflix only added 550,000 subscribers in the U.S. and Canada versus the 1.75 million it added in the year-ago quarter.) But as the competitors start to light up their own streaming services, it has a renewed pre

General Motors, Ford and other U.S. companies have started restricting employee travel to Wuhan, China, as an outbreak of a flu-like coronavirus that has killed at least 17 people spreads throughout Asia. Ford Motor “has suspended all business travel to Wuhan, specifically, and is monitoring the situation very closely,” a company spokesman said, adding that the Detroit automaker hasn’t suspended travel to other parts of China. Fiat Chrysler hasn’t imposed any travel restrictions “at this time,”

Boeing’s new CEO, Dave Calhoun, said Wednesday that he wants the company to resume production of the 737 Max months before regulators sign off on the planes and airlines prepare to return them to service. Boeing suspended production of the planes this month because a worldwide grounding of the jetliners after two fatal crashes lasted months longer than expected. The 737 Max production shutdown has already cost thousands of jobs and raised concerns about the crisis’ impact on the broader economy.

Aly Song | ReutersThe very short sellers that Elon Musk skewers frequently for betting against Tesla could ironically help the eccentric chief executive score a big payday. Nearly a fifth of Tesla shares available for trading are sold short, according to S3 Partners. Two years ago Tesla’s board agreed to a compensation plan for Musk based on Tesla stock milestones. If a stock price instead trends higher, short sellers are forced to buy back the equity at a higher price in order to cut their moun

The World Health Organization is holding a briefing Wednesday to address the mysterious coronavirus that has killed at least 17 people and sickened hundreds of others in China. WHO Director-General Tedros Adhanom Ghebreyesus is expected to confirm whether the virus constitutes a global health emergency and to make recommendations on how to contain the outbreak. The briefing follows an emergency meeting of international health experts in Geneva to discuss the virus earlier Wednesday. WHO doesn’t